Zendesk Inc (NYSE:ZEN) SVP Sells $69,245.88 in Stock

Zendesk Inc (NYSE:ZEN) SVP Norman Gennaro sold 753 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $91.96, for a total transaction of $69,245.88. Following the completion of the sale, the senior vice president now owns 14,618 shares in the company, valued at $1,344,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Norman Gennaro also recently made the following trade(s):

  • On Wednesday, June 19th, Norman Gennaro sold 752 shares of Zendesk stock. The shares were sold at an average price of $88.42, for a total transaction of $66,491.84.
  • On Friday, May 17th, Norman Gennaro sold 753 shares of Zendesk stock. The shares were sold at an average price of $88.16, for a total transaction of $66,384.48.

Shares of NYSE ZEN opened at $90.69 on Friday. Zendesk Inc has a 1 year low of $45.60 and a 1 year high of $94.89. The stock’s 50 day moving average price is $89.45. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of -95.46 and a beta of 1.52. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

Zendesk (NYSE:ZEN) last announced its earnings results on Tuesday, April 30th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.28). Zendesk had a negative net margin of 22.52% and a negative return on equity of 25.37%. The firm had revenue of $181.48 million for the quarter, compared to analyst estimates of $179.53 million. During the same quarter last year, the business earned $0.02 earnings per share. Zendesk’s revenue was up 39.8% compared to the same quarter last year. Analysts anticipate that Zendesk Inc will post -1.07 EPS for the current fiscal year.

Several research firms have recently commented on ZEN. JMP Securities increased their price target on shares of Wageworks from $43.00 to $60.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Deutsche Bank increased their price target on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research report on Friday, March 29th. Canaccord Genuity increased their price target on shares of TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. Goldman Sachs Group assumed coverage on shares of HubSpot in a research report on Friday, June 7th. They set a “buy” rating and a $223.00 target price on the stock. Finally, Wells Fargo & Co decreased their target price on shares of WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Zendesk currently has a consensus rating of “Buy” and an average price target of $92.39.

A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its stake in Zendesk by 4.5% during the second quarter. Nisa Investment Advisors LLC now owns 3,225 shares of the software maker’s stock worth $287,000 after purchasing an additional 140 shares during the period. Prudential Financial Inc. raised its stake in Zendesk by 2.8% during the fourth quarter. Prudential Financial Inc. now owns 5,450 shares of the software maker’s stock worth $318,000 after purchasing an additional 150 shares during the period. CWM LLC raised its stake in Zendesk by 90.0% during the first quarter. CWM LLC now owns 532 shares of the software maker’s stock worth $45,000 after purchasing an additional 252 shares during the period. Capital Investment Advisory Services LLC purchased a new position in Zendesk during the first quarter worth approximately $34,000. Finally, Sageworth Trust Co purchased a new position in Zendesk during the first quarter worth approximately $42,000. 97.45% of the stock is currently owned by institutional investors.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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Insider Buying and Selling by Quarter for Zendesk (NYSE:ZEN)

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